Daily Economic Roundup – April 6, 2011

What’s on the Economic Horizon
German Factory Orders Report Due
U.K. Manufacturing Production up by 0.6%
Ivey PMI to Dip from 69.3 to 65.1 in March

United States

“I’ll have one of everything!” said the dollar as it chalked up mixed results across the boards. Maybe it’s because the U.S. economy also received mixed feedback yesterday from non-manufacturing data and the FOMC minutes. The dollar ended practically unchanged against the euro, while posting a big win against the yen and a big loss against the pound. More…

Euro Zone

The big day for the euro is fast approaching! The ECB rate decision is due tomorrow and I’m sure plenty of traders out there are expecting to see a hike. In fact, euro bulls are so optimistic that they were able to push EUR/USD to close above 1.4200 even after it dipped to a low of 1.4151! More…

United Kingdom

It’s hunting season baby! Did you see the pound shoot down bears yesterday? Bears on GBP/USD got fried when it skyrocketed up the charts to close the day at 1.6278 with a 153-pip win. Meanwhile, GBP/JPY ended the day a whopping 257 pips above its opening price at 138.08. Boo yeah! More…

Japan

If you thought you had a bad day yesterday, just look at how the yen performed on the charts! The Asian currency fell to its 11-month low against the Aussie, pound, euro, and Loonie. Meanwhile, against the dollar, it closed at its six-month low at 84.87. More…

Canada

Take that, Greenback! The Loonie fought back against the U.S. dollar yesterday, pushing USD/CAD back down near its former lows. The pair opened at .9674, reached a low of .9627, before ending the day at .9638. More…

Australia

To Aussie bears, there ain’t nothing sweeter than disappointing economic data and hawkish words. And yesterday, we got both! It’s no wonder then that AUD/USD trended lower for most of the day, ending 35 pips lower at 1.0328 after tapping an intraday low of 1.0288. More…

New Zealand

Just like Triple H, the Kiwi tapped out of joust against the dollar yesterday. The two currencies wrestled for pips all the way to an intraday high of .7724 before the dollar got the upper hand and pushed NZD/USD to close 3 pips lower from its opening price at .7676. More…

Switzerland

Absolutely boring! With no reports to support it, the Swissy hardly moved on the charts and inched just a few pips lower yesterday. USD/CHF finished 18 pips higher at .9253 while EUR/CHF climbed 28 pips to 1.3158. More…